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Tanzania Overview

Mantra has direct and joint venture interests in a portfolio of uranium exploration tenements in Tanzania. The prospecting licences and applications are largely within the highly uranium prospective Karoo-age sediments of southern Tanzania (Mkuju River Project, Mbamba Bay Project and Southern Tanzania JV's) and paleochannel associated calcrete and sandstone hosted uranium targets within the Bahi catchment of central Tanzania (Bahi North Project and Handa Project).

The uranium potential of Tanzania was established by a country-wide airborne geophysical survey conducted for the government in the 1970’s which generated a large number of radiometric anomalies hosted within different geological settings. Subsequent exploration undertaken between 1978 and 1982 resulted in the identification of numerous occurrences of surface uranium mineralisation and recognition of the potential for several uranium deposit types in Tanzania.

The Company has established a strong in-country technical and operational capability and is implementing an aggressive exploration program, with a strong emphasis on the application of modern exploration technologies and targeted drilling, to assess the potential of its uranium exploration projects in Tanzania.

For further information, please see the latest Company Report.


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